Whole Foods Market Stock Hits New 52-Week High (WFM)

NEW YORK ( TheStreet) -- Whole Foods Market (Nasdaq: WFM) hit a new 52-week high Monday as it is currently trading at $56.28, above its previous 52-week high of $56.26 with 658,184 shares traded as of 10:56 a.m. ET. Average volume has been 3.4 million shares over the past 30 days.

Whole Foods Market has a market cap of $20.68 billion and is part of the services sector and retail industry. Shares are up 22.4% year to date as of the close of trading on Friday.

Whole Foods Market, Inc. owns and operates a chain of natural and organic foods supermarkets. The company offers produce, grocery, meat and poultry, seafood, bakery, prepared foods and catering, coffee and tea, nutritional supplements, and vitamins.

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TheStreet Ratings rates Whole Foods Market as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Whole Foods Market Ratings Report.

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